Paramount Stock Retreats on Report Shari Redstone Not Interested in Apollo’s $11B Studio Buyout Bid
![](https://tvnewscheck.com/wp-content/uploads/2023/12/Redstone_Shari_2022Paramount-400x225.jpg)
![](https://tvnewscheck.com/wp-content/uploads/2023/12/Redstone_Shari_2022Paramount-400x225.jpg)
Shari Redstone looks like she remains firmly opposed to breaking up Paramount Global. Redstone, president of National Amusements Inc. — the controlling shareholder of Paramount Global — was “unconvinced” by Apollo Global Management’s $11 billion offer to buy Paramount’s film and TV studio, the Financial Times reported, citing anonymous sources. Instead, per the FT report, Redstone is continuing to negotiate a deal with Skydance’s David Ellison, in partnership with RedBird Capital and Tencent, to sell NAI (and then merge Skydance with Paramount Global).
This article was originally posted on variety.com
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